WAIVER OF CO-OBLIGOR'S RIGHTS Sample Clauses

WAIVER OF CO-OBLIGOR'S RIGHTS. If more than one person is obligated for the Indebtedness, Grantor irrevocably waives, disclaims and relinquishes all claims against such other person which Grantor has or would otherwise have by virtue of payment of the Indebtedness or any part thereof, specifically including but not limited to all rights of indemnity, contribution or exoneration.
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WAIVER OF CO-OBLIGOR'S RIGHTS. If more than one person is obligated for the Indebtedness, Borrower irrevocably waives, disclaims and relinquishes all claims against such other person which Borrower has or would otherwise have by virtue of payment of the Indebtedness or any part thereof, specifically including but not limited to all rights of indemnity, contribution or exoneration.
WAIVER OF CO-OBLIGOR'S RIGHTS. If more than one person is obligated for the Indebtedness, Borrower irrevocably waives, disclaims and relinquishes all claims against such other person which borrower has or would otherwise have by virtue of payment of the Indebtedness or any part thereof, specifically including but not limited to all rights of indemnity, contribution or exoneration. GRANTOR ACKNOWLEDGES HAVING READ ALL THE PROVISIONS OF THIS COMMERCIAL SECURITY AGREEMENT, AND GRANTOR AGREES TO ITS TERMS. THIS AGREEMENT IS DATED DECEMBER 22, 1999. GRANTOR: MICRO GENERAL CORPORATION X /s/ [Signature Illegible] X /s/ [Signature Illegible] ------------------------------------ ------------------------------------ Authorized Officer Authorized Officer ================================================================================ 23 CORPORATE RESOLUTION TO GUARANTEE ------------------------------------------------------------------------------------------------------------ PRINCIPAL LOAN DATE MATURITY LOAN NO CALL COLLATERAL ACCOUNT OFFICER INITIALS $5,000,000.00 12-22-1999 12-20-2000 155 ------------------------------------------------------------------------------------------------------------ References in the shaded area are for Lender's use only and do not limit the applicability of this document to any particular loan or item. ------------------------------------------------------------------------------------------------------------ BORROWER: MICRO GENERAL CORPORATION LENDER: IMPERIAL BANK 2510 X. XXX XXXX XXXXXX, XXXXX 000 FINANCIAL SERVICES GROUP SANTX XXX, XX 00000 9777 XXXXXXXX XXXX., 0XX XXXXX XXXXXXX XXXXX, XX 00000-0000 XXARANTOR: FIDELITY NATIONAL FINANCIAL, INC. 17910 XXX XXXXXX XXXXXX, SUITE 300 IRVINE, CA 92614 ================================================================================ I, THE UNDERSIGNED SECRETARY OR ASSISTANT SECRETARY OF FIDELITY NATIONAL FINANCIAL, INC. (THE "CORPORATION"), HEREBY CERTIFY THAT the Corporation is organized and existing under and by virtue of the laws of the State of Delaware with its principal office at 17910 XXX XXXXXX XXXXXX, SUITE 300, IRVINE, CA 92614. I FURTHER CERTIFY that at a meeting of the Directors of the Corporation, duly called and held on ____________, at which a quorum was present and voting, or by other duly authorized corporate action in lieu of a meeting, the following resolutions were adopted: BE IT RESOLVED, that ANY ONE (1) of the following named officers, employees, or agents of this Corporation, whose actual signa...
WAIVER OF CO-OBLIGOR'S RIGHTS. If more than one person is obligated for the Indebtedness, Borrower irrevocably waives, disclaims and relinquishes all claims against such other person which Borrower has or would otherwise have by virtue of payment of the Indebtedness or any part thereof, specifically including but not limited to all rights of indemnity, contribution or exoneration. GRANTOR ACKNOWLEDGES HAVING READ ALL THE PROVISIONS OF THIS COMMERCIAL SECURITY AGREEMENT, AND GRANTOR AGREES TO ITS TERMS. THIS AGREEMENT IS DATED APRIL 6, 1998. GRANTOR: CREDIT CONCEPTS, INC. By: ------------------------------- By: ----------------------------- Xxxxxx X. Xxxxxx, President Xxxxxx X. Xxxxxx, Secretary
WAIVER OF CO-OBLIGOR'S RIGHTS. If more than one person is obligated for the Indebtedness, Grantor irrevocably waives, disclaims and relinquishes all claims against such other person which Grantor has or would otherwise have by virtue of payment of the Indebtedness or any part thereof, specifically including but not limited to all rights of indemnity, contribution or exoneration. ASSIGNMENT OF DEPOSIT ACCOUNT Severability. If a court of competent jurisdiction finds any provision of this Agreement to be illegal, invalid, or unenforceable as to any circumstance, that finding shall not make the offending provision illegal, invalid, or unenforceable as to any other circumstance. If feasible, the offending provision shall be considered modified so that it becomes legal, valid and enforceable. If the offending provision cannot be so modified, it shall be considered deleted from this Agreement. Unless otherwise required by law, the illegality, invalidity, or unenforceability of any provision of this Agreement shall not affect the legality, validity or enforceability of any other provision of this Agreement.
WAIVER OF CO-OBLIGOR'S RIGHTS. If more than one person is obligated for the Indebtedness, Borrower irrevocably waives, disclaims and relinquishs all claims against such other person which Borrower has or would otherwise have by virtue of payment of the Indebtedness or any part thereof, specifically including but not limited to all rights of indemnity, contribution or exoneration. GRANTOR ACKNOWLEDGES HAVING READ ALL THE PROVISIONS OF THIS COMMERCIAL SECURITY AGREEMENT, AND GRANTOR AGREES TO ITS TERMS. THIS AGREEMENT IS DATED JANUARY 15, 1998. GRANTOR: INTERVISUAL BOOKS, INC. BY: /s/ WALDX X. XXXX --------------------------------------------- WALDX X. XXXX, CHAIRMAN OF THE BOARD/CHIEF EXECUTIVE OFFICER ================================================================================
WAIVER OF CO-OBLIGOR'S RIGHTS. If more than one person is obligated for the Indebtedness, Borrower irrevocably waives, disclaims and relinquishes all claims against such other person which Borrower has or would otherwise have by virtue of payment of the Indebtedness or any part thereof, specifically including but not limited to all rights of indemnity, contribution or exoneration. INTELLECTUAL PROPERTY. To the extent that Obligor acquires any trademarks, service marks, trade names and service names and/or the goodwill associated therewith, copyrights, patents and/or patent applications (collectively "Intellectual Property"), Obligor shall give prompt notice thereof to Bank and shall take any and all actions reasonably requested from time to time by Bank to perfect Obligor's interest in such Intellectual Property and to perfect Bank's first priority security interest therein. Without limiting the generality of the foregoing, the Obligor further agrees as follows: Upon Obligor creating, writing, producing or acquiring any material software, computer source codes or other computer programs (collectively, the "Software"), Obligor shall promptly register such Software with the U.S. Copyright Office before selling or licensing the Software, and to the extent Obligor's rights therein are acquired from any third party, Obligor shall promptly upon such acquisition file with the U.S. Copyright Office any and all documents necessary to perfect Obligor's rights therein. Upon Obligor creating, writing, producing or otherwise acquiring any material Software, Obligor shall give prompt notice thereof to Bank. Obligor shall execute and deliver to Bank any and all copyright mortgages, UCC financing statements and other documents and instruments which Bank may request in connection with the Bank perfecting its first priority security interest in such Software. GRANTOR ACKNOWLEDGES HAVING READ ALL THE PROVISIONS OF THIS COMMERCIAL SECURITY AGREEMENT, AND GRANTOR AGREES TO ITS TERMS. THIS AGREEMENT IS DATED FEBRUARY 11, 1999. GRANTOR: MP3.XXX, XXC., A DELAWARE CORPORATION By: /s/ MICHXXX XXXXXXXXX ---------------------------------- MICHXXX XXXXXXXXX, XXO/SECRETARY
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WAIVER OF CO-OBLIGOR'S RIGHTS. If more than one person is obligated for the Indebtedness, Borrower irrevocably waives, disclaims and relinquishes all claims against such other person which Borrower has or would otherwise have by virtue of payment of the Indebtedness or any part thereof, specifically including but not limited to all rights of indemnity, contribution or exoneration. GRANTOR ACKNOWLEDGES HAVING READ ALL THE PROVISIONS OF THIS COMMERCIAL SECURITY AGREEMENT, AND GRANTOR AGREES TO ITS TERMS. THIS AGREEMENT IS DATED DECEMBER 12, 2000. GRANTOR: LINDAL CEDAR HOMES, INC.
WAIVER OF CO-OBLIGOR'S RIGHTS. If more than one person is obligated for the Indebtedness, (13) irrevocably waives, disclaims and relinquishes all claims against such other person which (13) has or would otherwise have by virtue of payment of the indebtedness of any part thereof, specifically including but not limited to all rights of indemnity, contribution or exoneration. GRANTOR ACKNOWLEDGES HAVING READ ALL THE PROVISIONS OF THIS COMMERCIAL SECURITY AGREEMENT, AND GRANTOR AGREES TO ITS TERMS. THIS AGREEMENT IS DATED DECEMBER 2, 1998. GRANTOR: ECO SOIL SYSTEMS, INC., A NEBRASKA CORPORATION BY: -------------------------------------------- AUTHORIZED OFFICER
WAIVER OF CO-OBLIGOR'S RIGHTS. If more than one person is obligated for the Indebtedness, Borrower irrevocably waives, disclaims and relinquishes all claims against such other person which Borrower has or would otherwise have by virtue of payment of the Indebtedness or any part thereof, specifically including but not limited to all rights of indemnity, contribution or exoneration. GRANTOR ACKNOWLEDGES HAVING READ ALL THE PROVISIONS OF THIS COMMERCIAL SECURITY AGREEMENT, AND GRANTOR AGREES TO ITS TERMS. THIS AGREEMENT IS DATED OCTOBER 24, 1996. GRANTOR: Techniclone International Corporation, a California Corporation By: /S/ WILLXXX X. XXXXXX ------------------------------------------------------------------ Willxxx X. Xxxxxx, Xxief Financial Officer and Corporate Secretary LENDER: IMPERIAL THRIFT AND LOAN ASSOCIATION By : /S/ ------------------------------------------------------------------ Authorized Officer
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